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Arabian Company for Agricultural and Industrial Investment Announces Resignation and Delegation of a CEO
| Element List | Explanation |
|---|---|
| Introduction | The Arabian Company for Agricultural and Industrial Investment announces that the Board of Directors, on 17-05-2026, approved the resignation of the Company’s CEO, Eng. Raja bin Mohammed Al-Harbi, from his position, effective from 17-05-2026. The Board also approved, on 17-05-2026, the acting assignment of Mr. Ahmed Zain Abu Sharakh to perform the duties of the CEO, effective from 18-05-2026. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Raja bin Mohammed Al-Harbi |
| Resignation Acceptance Date | 2026-05-17 Corresponding to 1447-11-30 |
| Resignation Effective Date | 2026-05-17 Corresponding to 1447-11-30 |
| Reasons for Resignation | Special circumstances |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Ahmed Zain Abu Sharakh |
| Date of Board Resolution | 2026-05-17 Corresponding to 1447-11-30 |
| Date Work Commencement | 2026-05-18 Corresponding to 1447-12-01 |
| Brief Resume | Mr. Ahmed Zain has more than 28 years of experience and has held several executive and leadership positions at a number of companies and groups, including Mohammed Yousuf Naghi Group, Kraft Foods, Savola Group, Fine Hygienic Holding, Omar Kassem Alesayi Group, and Halwani Bros. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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